Week 5 Instructions - READ ME!! x + m/assignment/4664310050/assessment Return to page 17 Question 17 (1 point) The characteristics of a liability include a. all of these b. existence of a present obligation, ca liability can be current or noncurrent d. requirement of future payment of assets or rendering of services. e. occurrence of a past transaction or event. Return to page 18 Question 18 (1 point) Cash receipts placed in the bank's night depository after banking hours were not included on the bank statement prepared on the same date it will be treated as outstanding cheques. True False Return to page 19 Question 19 point) Sports World purchased a machine for $190,000. The machine has a useful life of 8 years and a residual value of 510.000 SportsWorld estimates that the machine could produce 750,000 units of product over its eful life. In the first year 95,000 units were produced in the second year, production increased to 111.000 units. Using the units-of-production method what is the amount of depreciation that should be recorded for the second year? i C Week 5 Instructions - READ ME!! x + m/assignment/4664310050/assessment Return to page 17 Question 17 (1 point) The characteristics of a liability include a. all of these b. existence of a present obligation, ca liability can be current or noncurrent d. requirement of future payment of assets or rendering of services. e. occurrence of a past transaction or event. Return to page 18 Question 18 (1 point) Cash receipts placed in the bank's night depository after banking hours were not included on the bank statement prepared on the same date it will be treated as outstanding cheques. True False Return to page 19 Question 19 point) Sports World purchased a machine for $190,000. The machine has a useful life of 8 years and a residual value of 510.000 SportsWorld estimates that the machine could produce 750,000 units of product over its eful life. In the first year 95,000 units were produced in the second year, production increased to 111.000 units. Using the units-of-production method what is the amount of depreciation that should be recorded for the second year? i C